Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Sepio Capital LP

Sepio Capital LP cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,465 shares of the asset manager’s stock after selling 633 shares during the period. Sepio Capital LP’s holdings in Affiliated Managers Group were worth $1,196,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA increased its stake in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after buying an additional 124 shares during the period. UMB Bank n.a. raised its position in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $46,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Affiliated Managers Group in the fourth quarter valued at about $70,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research raised their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Bank of America dropped their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $197.20.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $148.52 on Monday. The stock has a fifty day moving average price of $170.28 and a 200 day moving average price of $180.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $4.35 billion, a PE ratio of 9.84, a P/E/G ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 1 year low of $146.61 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.